Bitcoin (BTC) is currently valued at ₹4,917,440 against the Indian Rupee (INR), marking a slight increase in the last hour, but down from previous days. With a trading volume of ₹1,650 billion in the last 24 hours, Bitcoin remains actively traded. The market cap is approximately ₹97 trillion. Conversion rates for BTC to INR and vice versa are provided.
As of now, the price of one Bitcoin (BTC) stands at ₹4,917,440 against the Indian Rupee (INR). This reflects a slight uptick of 0.1% over the past hour, though it indicates a 1.8% decline in value compared to yesterday and a 0.4% drop from the past week. Over the last 24 hours, the total trading volume of Bitcoin has been about ₹1,650 billion, showing considerable activity in the market.
Market valuation for Bitcoin can be calculated by multiplying its current price by the circulating supply. Right now, Bitcoin’s market cap is around ₹97 trillion. This figure can be compared in a way similar to how stock market capitalisation is computed—essentially, price per share multiplied by the available shares in the market, excluding those locked away.
When looking at Bitcoin’s fully diluted valuation (FDV), which measures the theoretical market cap if all coins were in circulation, the value hovers at approximately ₹103 trillion. It’s important to note that the FDV can fluctuate based on the coin’s supply, diminishing returns and the timing of its release into the market.
Bitcoin’s circulating supply is currently about 19.7 million BTC, a number defined as the amount available for public trading. In contrast, the total capped supply stands at 21 million BTC, a limit coded into Bitcoin’s system. This means that once all BTC is mined, there will be no new Bitcoins created.
For those interested in purchasing Bitcoin, the process is relatively straightforward. First, one has to identify a cryptocurrency exchange, then select a platform that allows for exchanges between BTC and INR. After registering for an account, buyers can easily make transactions using their Indian currency.
Tracking Bitcoin’s price over the last week provides additional context. For example, on August 19, it was priced at ₹4,917,164, decreasing by nearly ₹90,000 just a day before. This kind of fluctuation is common—last Friday, the price dropped by over ₹94,000, while the following day, it saw a recovery with a rise of about ₹100,000. All of this illustrates Bitcoin’s notorious volatility.
For conversion enthusiasts, a handy table of BTC to INR is available. At current rates, 0.01 BTC converts to about ₹49,172, while full 1 BTC stands at approximately ₹4.9 million. If you want to go the other way, ₹1 will get you a minuscule portion of Bitcoin, specifically around 0.000000203369 BTC.
In summary, while Bitcoin retains substantial value in the Indian market, its day-to-day changes can be quite drastic. Traders and buyers alike should keep an eye on these shifts, given the cryptocurrency’s erratic nature.
For more information, follow these useful links:
– [Bitcoin Trading Data](https://blockchain.info/q/totalbc)
